Applicable Term Loan LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Term Loan, as determined by reference to Section 1.5(a).
Applicable Term Loan LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Term Loan, as determined by reference to SECTION 1.5(A).
Applicable Term Loan LIBOR Margin means a rate per annum equal to 5.25%. Notwithstanding the foregoing, (a) in the case of any Incremental Term Loan maintained as a LIBOR Loan of a given Tranche, the Applicable Term Loan LIBOR Margin shall be that percentage per annum set forth in, or calculated in accordance with, Section 2.11 and the relevant Incremental Term Loan Commitment Agreement; and (b) on and after the date of the most recent incurrence of any Tranche of Incremental Term Loans which gives rise to a determination of a new Applicable Increased Term Loan Spread, the Applicable Term Loan LIBOR Margin for any Tranche of Term Loans (other than such new Tranche of Incremental Term Loans) shall be the higher of (I) the Applicable Increased Term Loan Spread for such Tranche of Term Loans and (II) the Applicable Term Loan LIBOR Margin for such Tranche of Term Loans as otherwise determined above in the absence of this clause (b).”
Examples of Applicable Term Loan LIBOR Margin in a sentence
The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin, and Applicable Unused Line Fee Margin shall be 0.50%, 2.00%, 0.75%, 2.25%, 1.50%, and 0.375% per annum, respectively.
More Definitions of Applicable Term Loan LIBOR Margin
Applicable Term Loan LIBOR Margin means (a) in the case of the Term Loan A, three and one-half of one percent (3.50%) per annum and (b) in the case of the Term Loan B and Term Loan C, three and three-quarters of one percent (3.75%) per annum.
Applicable Term Loan LIBOR Margin appearing in Section 1.1 of the Credit Agreement is hereby replaced in its entirety with the following definition:
Applicable Term Loan LIBOR Margin means the greater of (i) LIBOR Rate plus 11.00% per annum and (ii) 15.50% per annum.
Applicable Term Loan LIBOR Margin means 5.00%.
Applicable Term Loan LIBOR Margin means 9.00%.
Applicable Term Loan LIBOR Margin. Term Loan Commitment" and "Term Note" contained in Annex A to the Credit Agreement are deleted in their entirety.
Applicable Term Loan LIBOR Margin means for each LIBOR Portion of the Term Loans, the percentage (expressed in basis points) determined from time to time based upon the Senior Ratings then in effect from Xxxxx'x and S&P set forth under the relevant column heading below: Applicable Term Loan Senior Ratings LIBOR Margin -------------- -------------------- Level I Senior Ratings are equal to or better than A from S&P or A2 from Xxxxx'x 95 Basis Points Level II Senior Ratings are A- from S&P or A3 from Xxxxx'x 105 Basis Points Applicable Term Loan Senior Ratings LIBOR Margin -------------- -------------------- Level III Senior Ratings are BBB+ from S&P or Baa1 from Xxxxx'x 115 Basis Points Level IV Senior Ratings are BBB from S&P or Baa2 from Xxxxx'x 150 Basis Points Level V Senior Ratings are BBB- from S&P or Baa3 from Xxxxx'x 175 Basis Points Level VI Senior Ratings are less than BBB- from S&P and Baa3 from Xxxxx'x 225 Basis Points provided, however, that (i) in the event the Senior Ratings of S&P and Xxxxx'x do not coincide, the Applicable Term Loan LIBOR Margin shall be determined utilizing the higher of such Senior Ratings; and (ii) in the event only one Senior Rating is in effect, the Applicable Term Loan LIBOR Margin set forth opposite such Senior Rating shall apply.